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Press and Media Mentions
Op-ed: Why Australian red hot property space is under the spotlight
Featured On: Accom News
Logging an exponential rise in house prices, the Australian property market has certainly taken the world by storm since the beginning of 2021. Australia seems to be at the brink of its ‘biggest ever property boom’ amid ultra-low interest rates, government initiatives for first-time home buyers, FOMO-driven mindset, and undersupply of new houses. From home loan finance commitments to auction clearance rates, we can see green shoots gleaming in each segment of the property market. Clearly, the housing market is defying the analysts’ predictions provided a year ago, which anticipated a dip of 25-30 percent in property prices in 2021.
Read Original Article...ASX Update: Market cheers "low rates for longer"
Featured On: The market herald
Shares surged and the dollar dropped after unexpectedly mild inflation data doused fears the Reserve Bank might raise the cash rate ahead of previous guidance. The S&P/ASX 200 jumped more than 20 points after the data drop, boosting cautious early gains to a mid-session tally of 29 points or 0.41 per cent. The dollar dived around three-tenths of a cent to 77.37 US cents.
Read Original Article...ASX Close: Meek inflation fuels strong finish
Featured On: The market herald
The prospect of record-low rates for at least another two to three years propelled the ASX to its strongest close in more than a week.The S&P/ASX 200 rallied 32 points or 0.45 per cent to its best finish since last Monday's pandemic-era closing high. The index fell short of a new 14-month closing peak by less than a point.
Read Original Article...CEO fears 12% Sydney, Melbourne house price falls in 2022
Featured On: Daily Mail (MSN)
A market analytics expert is predicting house prices in Australia's biggest cities will fall sharply next year, as value surges far outpace wage increases. Kunal Sawhney, founder and CEO of market analytics group Kalkine, said Australia was on the verge of the 'biggest ever' property boom that would turn bad - predicting a 12 per cent plunge in Sydney and Melbourne house prices in 2022. 'An unsustainable surge in house prices relative to income is more likely to trigger a pronounced, eventual asset price correction,' he told Daily Mail Australia.
Read Original Article...Chilling warning as soaring Australian property prices far outstrip wage increases - as CEO explains
Featured On: Daily Mail
A market analytics expert is predicting house prices in Australia's biggest cities will fall sharply next year, as value surges far outpace wage increases. Kunal Sawhney, founder and CEO of market analytics group Kalkine, said Australia was on the verge of the 'biggest ever' property boom that would turn bad - predicting a 12 per cent plunge in Sydney and Melbourne house prices in 2022. 'An unsustainable surge in house prices relative to income is more likely to trigger a pronounced, eventual asset price correction,' he told Daily Mail Australia.
Read Original Article...ASX Close: Index fades to first losing week in five
Featured On: The market herald
The share market's run of weekly advances ended at four after a tax scare in the US ensured a soft end to a see-saw week. The S&P/ASX 200 edged up five points or almost 0.1 per cent this afternoon. Advances in Rio Tinto, Fortescue and the banks narrowly outweighed declines in BHP, Newcrest and Afterpay.
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